Managing Director, C. Krishniah Chetty & Sons
The gem and jewellery industry has recommended a voluntary increase in minimum value addition on coin sales. This will persuade consumers to buy jewellery and other valueadded products. We also wish the government bans bullion sales to consumers. This will bring the imports down by 200 tonnes, thus reining in the CAD. The government should remove all restrictions and incentivise exports. Gagging the trade won’t help anyone.